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Company Registration No. 11736986 (England and Wales)
ADAMS CONTRACTS & BUILDING SERVICES LTD Unaudited accounts for the year ended 31 December 2023
ADAMS CONTRACTS & BUILDING SERVICES LTD Unaudited accounts Contents
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ADAMS CONTRACTS & BUILDING SERVICES LTD Company Information for the year ended 31 December 2023
Director
Rory Adams
Company Number
11736986 (England and Wales)
Registered Office
40 ROTTERDAM ROAD LOWESTOFT SUFFOLK NR32 2HA ENGLAND
Accountants
P Lacey & Associates Ltd Office 17 2 Regent House Lowestoft NR32 1PA
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ADAMS CONTRACTS & BUILDING SERVICES LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,449 
18,542 
Current assets
Debtors
5,673 
3,482 
Cash at bank and in hand
40,775 
71,002 
46,448 
74,484 
Creditors: amounts falling due within one year
(20,395)
(33,004)
Net current assets
26,053 
41,480 
Net assets
58,502 
60,022 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
58,500 
60,020 
Shareholders' funds
58,502 
60,022 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 February 2024 and were signed on its behalf by
Rory Adams Director Company Registration No. 11736986
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ADAMS CONTRACTS & BUILDING SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
ADAMS CONTRACTS & BUILDING SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 11736986. The registered office is 40 ROTTERDAM ROAD, LOWESTOFT, SUFFOLK, NR32 2HA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
2,712 
19,912 
1,967 
24,591 
Additions
1,588 
19,990 
441 
22,019 
At 31 December 2023
4,300 
39,902 
2,408 
46,610 
Depreciation
At 1 January 2023
676 
4,782 
591 
6,049 
Charge for the year
725 
7,024 
363 
8,112 
At 31 December 2023
1,401 
11,806 
954 
14,161 
Net book value
At 31 December 2023
2,899 
28,096 
1,454 
32,449 
At 31 December 2022
2,036 
15,130 
1,376 
18,542 
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ADAMS CONTRACTS & BUILDING SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
5,673 
3,482 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,045 
18,772 
Taxes and social security
11,625 
13,237 
Loans from directors
- 
270 
Accruals
725 
725 
20,395 
33,004 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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